We
all want to be remembered, to feel that we’ve contributed something to the
world. For some, this can be a driving force leading to great accomplishments
and extraordinary contributions to mankind. But for most of us with more modest
goals, what pushes us is the desire to leave a legacy.
Do you know the phrase “don’t miss the
forest for the trees”? This phrase is a good teaching point when planning your
estate. In other words, don’t get so caught up in the details that you miss the
big picture.
You can get mired in the tax laws, the
tricks and the tools, and even some petty family squabbling. Then again, there
are those planners who find direction in an old axiom: “Don’t just leave an
estate. Leave a legacy.”
An estate is just so much stuff,
figuratively or literally. However, a legacy is so much more. Whether a beloved
memory or even a contribution to those around you. Usually, we seek to leave
behind an estate for the good of our family, and we work to protect this gift
from what problems may lie in wait.
When you are considering this notion of your
“legacy,” take time to think through what you are trying to achieve.
So how do work out your legacy?
Fortunately, a recent article in Forbes titled “4 Smart Ways To Leave A Legacy” can
help get you started.
Certainly, there is no one way
to leave a legacy, or even a single way to guarantee it.
In the end, it is your call when
it comes to the legacy
you wish to leave.
Reference: Forbes
(August 1, 2013) “4 Smart Ways To Leave A Legacy”